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Hello,We manage a ~300 unit apartment community in Birmingham Alabama. We purchased the property in Oct 2019 and the average water bill for previous ownership was roughly $24K per month or $90 per door. Since then, ou...
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Got in the house today and the biggest problem is a basement wall crack which looks like a serious problem.Have not done a house with this type of problems so not sure how much $$$ we are taking about.My plan is to u...
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I am looking at an apartment and I noticed on the P&L the owner is including the mortgage interest as an expense reducing his NOI. I thought that should come after NOI. Is this a win for me?
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Up to this point I've been gc'ing my own jobs. However, I want to concentrate more on finding deals. My dilemma - in order to make a decent profit it's very hard for the numbers to work using the GC. I'm thinking i...
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I have been hearing and reading lately that some Landlord tenants have been without heat for several Days. What is a typical time frame a landlord should be acting on this?Granted just know what I read on a news site ...
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Need help. This is what the contract says—
UTILITIES: Landlord shall not pay for any of the utilities and services and will be the responsibility of the tenant.
Temperatures this past winter caused the pipes to bur...
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My family and I are about to buy our first STR in Florida. We are purchasing in a nice community, so I'm making the assumption that the possibility of theft from outside parties (non-tenants) will be low. But what i...
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Where do you see cap rates headed in your market over the next 24 months?We just purchased a B asset at an actual 8 cap in our market. Unfortunately, it feels as if this is the last hoorah and cap rates are only goin...